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Benzinga

Business

Anusuya Lahiri

THE TRUTH ABOUT: Wayfair soars as shoppers spend big and profits grow - The Untold Story

Portland,,Or,,Usa,-,Apr,8,,2020:,Wayfair,Mobile,App

Wayfair (NYSE:W) shares are trading higher on Monday after reporting second-quarter results.

The e-commerce company reported adjusted earnings per share of 87 cents, beating the street view of 32 cents. Quarterly sales of $3.27 billion (up by 5% year-over-year or Y/Y) outpaced the analyst consensus estimate of $3.12 billion.

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